Rising Diesel Fuel Prices
Squeeze Small Truckers

The sharp increase in diesel fuel prices is threatening to put many small trucking companies out of business.

With diesel hitting $1.70 a gallon on average in recent weeks -- more than 55 cents a gallon higher than a year ago -- many small truckers are seeing their profits evaporate. They are also feeling pressure from insurance rates that have doubled in the past few years. Many, too, are seeing their freight business slow.